Work on Arena MRV, the new home of Campeonato Brasileiro Série A football club Atlético Mineiro, will begin in earnest in January after final approvals for the development were secured.

The Municipal Council of the Environment backed the project unanimously on Friday, clearing the path for preparatory work to start in the New Year.

The 46,000-capacity stadium will be built in the northwest region of Belo Horizonte on land that has been provided for the development by businessman Rubens Menin.

The budget for the project is reportedly R410m (£77m/€90m/$100m), with the club hoping to generate approximately R60m through a 10-year naming rights deal and a further R250m from offloading the Diamond Mall, which is built on land owned by the club.

“It is an honour to be able to announce to our fans that work on the stadium will begin,” Atlético president Sérgio Sette Câmara said. “I am sure that, in our new home, we will be an even bigger club and achieve great things.”

The project’s executive director, Bruno Muzzi, added: “Today will go down in the history of Atlético Mineiro. About R80m will be used to improve urban infrastructure in the region. We are very happy with this favourable decision and we will start the work so that another step can be taken in making our dreams come true.”

Local company Racional Engenharia will drive the construction project, with preparatory work set to take place over the next three to four months before construction begins.

The stadium, which is expected to open in the middle of 2022, will feature 40 bars and 2,400 parking spaces.

Image: Club Atlético Mineiro